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Article: Researchers from Harvard University report recent findings in economics.
- Article from:
- Economics Week
- Article date:
- November 13, 2009
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According to recent research published in the journal Cesifo Economic Studies, "This article reviews the history of executive compensation regulation in America and surveys the literature on the effects of these policies. CEOs are almost exclusively in the top 1 of the pay distribution, and regulation of their pay is seen as a well-targeted way of reducing income inequality."
"Mandatory disclosure of executive compensation has increased nearly uniformly since 1933. A number of other regulations, including special taxes on CEO pay and rules regarding votes on some pay packages have also been introduced, particularly in the last 20 years. However, there is little ...